Applied Digital stock dropped 24.3% due to broader AI industry downturn and concerns over new tariffs.

From Nasdaq: 2025-03-01 17:44:48

Applied Digital (NASDAQ: APLD) stock plummeted 24.3% in recent trading, part of a broader downturn in AI stocks following Nvidia’s earnings report. The Trump administration’s new tariffs and potential export restrictions on AI chips also contributed to investor concerns about Applied Digital’s future hardware costs.

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Read more at Nasdaq: Why Applied Digital Stock Plummeted This Week